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File:New McDonald's restaurant in Mount Pleasant, Iowa.jpg|thumb|McDonald's|McDonald's Corporation is one of the most recognizable corporations in the world.|211x211px A '''corporation''' is a company or group of people authorized to act as a single entity (Corporate personhood|legally a person) and recognized as such in law. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through List of company registers|registration. Corporations enjoy limited liability for their investors, which can lead to losses being externalized from investors to the government or general public. Corporations are usually the most profitable and powerful business entities, such as their public control, influence over government (including political candidates that support them), and ability to protect...
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